E Fund Management Hong Kong Co. Ltd. bought a new stake in Cheetah Mobile Inc. (NYSE:CMCM - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 71,363 shares of the software maker's stock, valued at approximately $305,000. E Fund Management Hong Kong Co. Ltd. owned approximately 0.24% of Cheetah Mobile as of its most recent filing with the Securities and Exchange Commission (SEC).
Analyst Ratings Changes
Separately, Wall Street Zen downgraded Cheetah Mobile from a "buy" rating to a "hold" rating in a report on Monday, May 5th.
View Our Latest Report on CMCM
Cheetah Mobile Stock Down 3.4%
CMCM stock opened at $4.30 on Tuesday. Cheetah Mobile Inc. has a twelve month low of $3.02 and a twelve month high of $6.77. The company has a market cap of $130.38 million, a P/E ratio of -1.62 and a beta of 1.73. The business has a fifty day moving average of $4.03 and a 200-day moving average of $4.55.
Cheetah Mobile (NYSE:CMCM - Get Free Report) last announced its quarterly earnings data on Thursday, June 19th. The software maker reported ($0.14) earnings per share for the quarter. Cheetah Mobile had a negative return on equity of 17.30% and a negative net margin of 64.75%. The firm had revenue of $35.69 million for the quarter.
Cheetah Mobile Profile
(
Free Report)
Cheetah Mobile Inc along with its subsidiaries, engages in provision of internet services, artificial intelligence, and other services in the People's Republic of China, Hong Kong, Japan, and internationally. The company's internet products include Duba Anti-virus, an internet security application to protect users against known and unknown security threats and malicious applications; and Clean Master, a junk file cleaning, memory boosting, and privacy protection tool for mobile devices.
Featured Articles
Want to see what other hedge funds are holding CMCM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cheetah Mobile Inc. (NYSE:CMCM - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Cheetah Mobile, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cheetah Mobile wasn't on the list.
While Cheetah Mobile currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
